In 2008 the current chairman and CEO of Securus Technologies Richard Falcone announced that Mr. Rick Smith will be taking his place as new CEO on June 23, 2008. Chairman Falcone stated that their company resulted from the September 2004 merger of T-Netix and Evercom, two industries leading corrections market industry companies. The June 2007 acquisition of Syscon Justice Systems was an international brand leader in Offender Management Systems. Securus Technologies is continuing many innovation initiatives in many key areas, like architecture.
Mr. Smith was chosen to follow in Falcone’s footsteps because he has an excellent background and a great set of skills. He also has a great track record with Securus and has great experience in telecom. He has done a lot of work at Securus and he has also had many positions in a wide variety of disciplines at Frontier Corporation. Those jobs include operations, finance, IT, and business development among plenty others as well. Read more on Crunchbase.com
Mr. Smith’s last job was at Eschelon Telecom Inc., and he was CEO there too. In the nine years he was there, he managed to grow the revenue from around $30 million to close to $350 million. He also grew EBITDA to around $80 million and he grew CAGR to 48% of its profit. With all of that success he led Eschelon to a successful IPO in the summer of 2005. Rick also has a Bachelor degree of Science in Electrical Engineering and a Master’s degree in Mathematics.
Securus Technologies is an American for-profit prison technology company based in Texas. It was founded in 1986 with other offices located in different parts of Texas and Georgia. The company employs close to 1,000 people and has reported to have 2,600 contracts with correctional facilities in the United States. Securus Technologies serves over 2,200 Correctional Facilities across the United States and Canada. The company announced in July of 2016 that it had invested over $600 million in technologies and patents in three years. Rick Smith has clearly boosted Securus Technologies in the right direction and deserves a lot of credit for making the company thrive the way it is supposed to. Read more on PRNewsWire.com.